While Vietnam’s economic performance continues to improve, further structural reforms that allow greater participation of local firms in global value chains is needed to enable the economy to reach its full growth potential, the Asian Development Bank (ADB) said in a report released on Tuesday (March 24).

Vietnam’s Gross Domestic Product (GDP) growth is likely to edge up to 6.1 percent in 2015 and 6.2 percent in 2016, according to the Asian Development Outlook (ADO) 2015 released by the Asian Development Bank (ADB).

VietNamNet Bridge – Resistance to change and creativity are major hurdles to exploiting the immense development potential that Viet Nam's handicraft sector has, but Do Quang Tuan Hoang also finds reasons to remain optimistic.

The government’s Decision 80/2014/QD-TTg on piloting information technology outsourcing (ITO) within the public sector, which took effect on February 15, is expected to stimulate a market ripe with potential.

With more than 134 kilometres of coastline and various bays, lagoons and river mouths, the central province of Binh Dinh is striving to leverage its geographic potential for sustainable fisheries development in both sea fishing and aquaculture as well as aquatic processing for exports.